Public Finance

Articles from March 2009

'Catch-All' FSA Review Could Reduce Tax Revenues
Economists have warned that the public finances could be harmed by a further loss of tax revenue because of the catch-all' nature of Lord Turners review of financial services regulation.The Department for Communities and Local Government has also confirmed...
CIPFA Proposes Devolution Body
CIPFA has called for an independent body to be set up to consider the future of the Barnett Formula, which determines public spending levels in the devolved nations.In written evidence to the House of Lords select committee inquiry into the formula,...
Delays in Parole Verdicts Are Costing Millions
Parole decisions are being held up at a cost of millions of pounds a year due to increased caseloads and Inefficiency across criminal justice agencies, MPs have said.A Public Accounts Committee Inquiry Into the Parole Board identified a series of factors...
Elected Mayors 'Have Not Improved Council Services or Accountability'
The elected mayor system is unpopular and does not lead to improvements in public services, a leading academic told MPs at an inquiry into local government accountability.Speaking at the first hearing of the Committee on Standards in Public Life inquiry,...
Equality Body Opposes Compulsory Pay Audits
The Equality and Human Rights Commission has disappointed unions and campaigners by failing to call for compulsory pay audits to be included in upcoming equality legislation.But the commission has strongly rebutted reports that it believes the recession...
Events
Send details of your events to jaimie.kaffash@publicfinance.co.ukMarch* MARCH 23-24CIPFA Better Governane· Fbnim worttfhop - An Introduction to fraud InvestigationChair: Steve Morris, associate to the CIPFA Better Governance ForumLondonTel: Greg Marks07811...
Facing Up to the 'D' Word
The early 1990S was a triumphant time for the freemarket economics espoused by Western democracies. After the fail of the Berlin Wall and the collapse of communism in the USSR and its satellites, eastern European countries also adopted 'post-neoclassical...
From Zeroes to Heroes
As local government moves from Comprehensive Performance Assessments to Comprehensive Area Assessments in April, it is important to take stock of how local politicians have led improvements and what their insights can tell us for the future.In 2002,...
Health Inequalities Rising despite Government Targets
MPs have criticised the government for failing to meet its targets for reducing the health gap between the rich and the poor.A report released by the Commons' health select committee on March 15 said health inequalities in England were now 4% wider among...
Jobcentres Can Handle Any Recession Threat, Says DWP Head
The civil servant heading the government's efforts to deal with unemployment has said that Britain's jobcentres will be able to cope with whatever the recession throws at them.Sir Leigh Lewis, permanent secretary at the Department for Work and Pensions,...
Jobs and Homes Top the List of Local Concerns
Jobs and housing are the areas where local communities are most feeling the impact of the recession, according to a survey of council leaders.Researchers for the Local Government Association found that 54% of council leaders in England identified unemployment...
Letters
Statistics should be value-neutralI have just read Tony Travers' excellent opinion piece (Their days are numbered', March 13-19). I agree that those of us who believe in 'good, politically neutral statistics' should support Karen Dunnell, the head of...
Ministers Back 'PO Bank' but Will Not Provide Funds
The government has lent its support to the idea of a Post Office 'people's bank' - but does not want to fund its development.The initiative also won support from the Conservatives, despite the fact that the party sold off thePost Office's Girobank in...
Planning Body Must Minimise Legal Threats
The chair-designate of the government s new planning quango has warned that decisions made by the body are likely to be challenged in the courts.In a pre-appointment hearing at the communities and local government select committee, Sir Michael Pitt -...
Power Plays
Later this year, as recession edges further towards depression, ministers will face another multibillion pound funding dilemma: the challenge of renewing England's ageing power generation and electricity distribution networks.But that's just the start...
Price Hike Is No Tonic
Thirty years ago, Downing Street (where I then worked) was in the grip of an economic crisis. Then it was inflation, where now it is deflation, but the results were the same: plunging production, soaring unemployment and genuine doubt about whether Britain...
Public Finances Take the Initiative in PFI Funding
These are strange times: the banks are going bust, but the NHS is running up a healthy surplus. Somewhere along the line, the financial crisis seems to have made things topsy-turvy.And, in this looking-glass world, the government is all set to lend public...
Round-Up
* Fewer 16 and 17-year-olds are being housed in bed and breakfast accommodation, government figures reveal. The number living alone in B&Bs in England and Wales fell by 40%, from 550 to 330, during 2008. It is more than two years since the government...
RSLs Pursue Above-Inflation Rent Rises
Housing associations are to press ahead with above-inflation rent increases, in spite of warnings from their regulator.According to the National Housing Federation, most registered social landlords will raise rents next month by about 5.5%. This is the...
Technologically Speaking
PF's new monthly column aims to cut through the IT hype and suggest new ways of using technology in public services. This should help organisations both to become more efficient and to save moneyThis Is the first article in a new series aimed at helping...
Tomorrow's People
The search is on for the rising stars of public finance as nominations open for the 2009 Future Leaders awards. Now in their second year, the awards are designed both to celebrate excellence in the public finance arena and to identify leadership potential....
Work It Out
How bad can things get? That's the question on everyone's lips as unemployment tops the 2 million mark, public borrowing shoots through the roof- and the International Monetary Fund predicts that Britain's recession will be one of the worst worldwide....
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